RE: overhaul needed " not much noise being made about management's incompetence in telling the truth "
Agreed wholeheartedly, no wonder investors were selling this stock and buying other Banks.
We are finding out slowly there may be lots of losses to write off
(not write down )
CIBC was upfront with their problems and acted accordingly.
Most of their write downs were not losses but provisions for bad debts relating to their subprime involvement.
As events unfold and things become better, these writedowns will be reversed.